3 Seattle Condos Under Contract In 48 Hours

We are just 14 days into March and there have been 6 Seattle condos that went under contract in less than 48 hours. Just 2 days on the market. We've included three of them below. As an owner, if you were put in a situation to accept an offer the first day on market, or multiple offers after a week on the market - what would you do? 1) Escala  Unit #707  – Downtown Seattle … [Read more...]

Views Are Changing For Condo Owners In South Lake Union

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As a Greek philosopher once said, "The only constant is change".  As a condo owner you have to be prepared for it. Views change from time to time and change is coming to South Lake Union. You may have caught word that Amazon is buying another block of the Clise Properties. As you can see above and below, the block runs from 7th to 8th and from Blanchard to Bell.  This … [Read more...]

Cosmopolitan Condo Prices Inching Back to 2007 Levels

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The prices at the Cosmopolitan at 9th and Virginia are inching back to and above their 2007 levels. Unit #2103 just hit the market this morning with an asking price of $429,000. In Purchased in 2007 for $425,950. This is significant as 2007 was often recognized as the peek of the market before the crash. In last 18 months, the Downtown condo market has increased quickly due … [Read more...]

My Opinion on Insignia Towers, Bosa Q & A

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  Last Tuesday, I attended a very intimate Q & A with Nat Bosa - Insignia Tower's developer. There were just 4-5 members of the press including the DJC, Curbed Seattle, Matt Goyer (friend of ours) and us. The Q & A was situated in the sales center model unit. The discussion really centered around the quality of the 2 story project. Bosa, who turns 69 on Christmas, … [Read more...]

Listen Up Buyers, Finding Value In the Seattle Condo Market

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Buyers, listen up. There are still ways to find value in the market. Let me use an example at the Cosmopolitan. In 2007, unit 2710 sold for $552,450. Back in late November of last year, this same unit came on the market at $325,000. If you went to the open house or toured during that first day on the market, you may have been disappointed. It was obvious at that time that … [Read more...]

Just Sold | Olive 8 | 2 Bedroom View Condo

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JUST SOLD Olive 8 | Urban Living 737 Olive Wy #1802, Seattle Asking Price | $885,000 Sold Price | $841,000 2 bed | 2 bath Downtown Seattle Successfully negotiated a $44,000 reduction in price for our buyer during a sellers market Big views, great building. Popular 2 BR+den floor plan with nearly 1,600sf. Hardwoods, Pedini cabinets, island kitchen, granite countertops, … [Read more...]

1521 Second Avenue and Olive 8 Sales Centers Closing

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With 5 units left for sale, 1521 and Olive 8 plan to close their show rooms following their final sales event this weekend. The final sell-out of these two luxury projects is a much bigger story than it appears. There are approximately 40 new construction units left in Downtown Seattle. In area 701 (DT Seattle), there is just one new construction delivery scheduled (Insignia … [Read more...]

1 Bedroom At 2200 Westlake Sells At Auction, Last Price $371,000, Sold for $252,200

2200 Westlake Exterior

The sale of the weekend has to be #w504 at 2200 Westlake. I had been watching this unit for a few months and it finally sold. It had originally been on the auction block in December - the minimum bid price set by the bank was $205,734. 2 months later, the bank set the minimum at $221,995. I'm sure they had done their homework with the market and it appears they had little issue … [Read more...]

Its Valentines Day, Which Seattle Condo Project Do You Love? (VOTE NOW)

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CONDO LOVING In celebration of Valentines Day, lets vote for that special project that we LOVE. I think its safe to say that we are all enamored with condo living - what better way to show our appreciation than voting for our favorite project. Submit your vote below and report back to see the results. Feeling left out? Don't be, we added a section to nominate a project on … [Read more...]

3 Seattle Condo Sales, 3 Days, Full Price Offers

Cristalla #1506

As I was sifting through inventory this morning, I noticed that there were 3 condo sales in the past 3 days and all of them sold at full price. This is typical of the market right now - as long as the price is at market when it goes live. 121 Vine St #303 | Sale Price $320,000 Arbor Place Tower 2 bedroom | 1.75 bath 2033 2nd Ave #1506 | Sale Price … [Read more...]

Seattle Condos Facing Lawsuits, Arbitration and Mediation

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Are you a frustrated condo buyer or seller? Well, it could have to do with the amount of quality Seattle condo projects currently involved in lawsuits or arbitration. The core of the issue is the Washington Condominium Act. It is very difficult to summarize, but in a nutshell there are provisions of the act that require certain warranties that a developer must comply with … [Read more...]

95% Sold At Olive 8, Just 12 Condos Remain

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Olive 8 has just 12 homes left to sell - out of 229 total units. For those of you not familiar with the project, Olive 8 is a LEED "Silver" building that includes a Hyatt Hotel on the first 17 floors of the building. It has a pretty robust offering of amenities and sits just one block away from Pacific Place and Seattle's Flagship Nordstrom location. Here's an … [Read more...]

Multiple Offers Driving Condo Prices Up In Downtown

The Cosmopolitan

Rising condo prices are a much bigger story that I will touch on after the first of the year. In the meantime, did you notice this sale at the Cosmopolitan? Unit #2803 was listed last month for $339,000, it sold in 2 days at a price of $361,500. I'm continuing to see this all over the city. This will continue until we see new inventory. Prices are going up. … [Read more...]